Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes $10,500 7,850 410 $ 2, 240 96 $ 2,144 750 Net income $ 1,394 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 260 $ 290 Accounts payable 1,070 970 Long-term debt 1,940 1,715 Common stock $3,270 $2,975 Retained earnings 3,440 4,000 $6,710 $6,975 Total liab. & equity 2016 2017 $1,710 $1,752 1,050 1,333 3,320 3,010 630 880 $6,710 $6,975 What is the equity multiplier for 2017